Lucid Group, Inc. (LCID) is a company specializing in the design, engineering, and manufacturing of high-performance electric vehicles (EVs) and advanced powertrain components. The company is committed to innovation in the EV industry, focusing on delivering luxury electric vehicles and cutting-edge technology. In addition to vehicle sales, Lucid engages in research and development, manufacturing, and retail expansion to support its global operations.
- Vehicle Sales - Sells high-performance electric vehicles, including the Lucid Air, with revenue recognized upon delivery to customers.
- Non-Warranty After-Sales Vehicle Services and Parts - Provides vehicle services and parts not covered under warranty.
- Powertrain Kits and Retail Merchandise - Offers advanced powertrain kits and branded retail merchandise.
- Regulatory Credits - Generates revenue through the sale of regulatory credits.
- Vehicle Operating Lease Revenue - Includes sales of vehicles with repurchase obligations, accounted for as operating leases, though this revenue is not material.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Derrick Carty Executive | Interim Leader, Digital Organization | None | Derrick Carty joined Lucid in June 2022 as VP, Platform Software and became Interim Leader of Digital in May 2024. He previously worked at Apple for over two decades. | |
Eric Bach Executive | SVP, Product & Chief Engineer | None | Eric Bach joined Lucid in 2015 and became SVP, Product & Chief Engineer in March 2021. He previously held engineering roles at Tesla and Volkswagen. | |
Gagan Dhingra Executive | Interim CFO | None | Gagan Dhingra joined Lucid in December 2021 as VP of Accounting and became Interim CFO in December 2023. He is a CPA and Chartered Accountant with over 20 years of experience. | |
Marc Winterhoff Executive | COO | None | Marc Winterhoff joined Lucid as COO in December 2023. Previously, he was a partner at Roland Berger, focusing on operational leadership for automotive manufacturers. | |
Peter Rawlinson Executive | CEO & CTO | None | Peter Rawlinson joined Lucid in 2013 as CTO and became CEO & CTO in April 2019. Previously, he was VP of Vehicle Engineering at Tesla, leading the Model S program. | View Report → |
Andrew Liveris Board | Chairman of the Board | IBM (Board Member), Saudi Aramco (Board Member), NOVONIX Limited (Board Member), WorleyParsons Limited (Board Member), Brisbane Olympics (President) | Andrew Liveris has been Chairman of Lucid's Board since April 2023. He is a former CEO of Dow Chemical and holds multiple board and advisory roles globally. | |
Chabi Nouri Board | Board Member | Mirabaud Asset Management (Co-Manager), Watches of Switzerland Group PLC (Non-Executive Director) | Chabi Nouri joined Lucid's Board in April 2023. She is the former CEO of Piaget and has extensive experience in luxury goods and innovation. | |
Janet S. Wong Board | Board Member | Enviva Inc. (Board Member), Lumentum Holdings Inc. (Board Member), Shine Technologies (Board Member) | Janet S. Wong joined Lucid's Board in July 2021. She is a retired KPMG partner with over 30 years of public accounting experience. | |
Lisa M. Lambert Board | Board Member | Vital Energy, Inc. (Board Member), UL Solutions, Inc. (Board Member), George Kaiser Family Foundation (CIO, Private Markets) | Lisa M. Lambert joined Lucid's Board in June 2024. She has extensive experience in technology and innovation, including leadership roles at Intel and National Grid. | |
Nichelle Maynard-Elliott Board | Board Member | Xerox Holdings (Board Member), Element Solutions Inc. (Board Member), Advisors’ Inner Circle Fund III (Trustee), Chiron Capital Allocation Fund Ltd (Director) | Nichelle Maynard-Elliott joined Lucid's Board in July 2021. She is a retired corporate attorney with expertise in business strategy and investments. | |
Ori Winitzer Board | Board Member | Integrated Media Company (Partner), Savvy Games Fund (Director), FootballCo (Director & Co-Chairman) | Ori Winitzer joined Lucid's Board in April 2023. He is a founding partner at Integrated Media Company and has expertise in digital media investments. | |
Turqi Alnowaiser Board | Board Member | Uber (Board Member), Hapag-Lloyd AG (Board Member), PIF (Deputy Governor) | Turqi Alnowaiser has been on Lucid's Board since April 2019 and became Chairman in April 2023. He is Deputy Governor of PIF and holds multiple board roles. |
- Can you elaborate on the working capital requirements for next year as you ramp up production of the Lucid Gravity, and how do you plan to manage these needs given your current financial resources?
- As you aim for the start of production of the Midsize vehicle in late 2026, what steps are necessary to ensure this ramp can proceed given your current financial position, and are there any milestones that need to be met to support it?
- How should we think about the impact of the Gravity's production ramp on your gross margins over the next several quarters; will it initially be a headwind before achieving greater volume, and what is your outlook for margin improvement during this period?
- With a significant portion of your engineering and powertrain teams already working on the Midsize vehicle, how are you allocating resources to balance the development of future products while ensuring the ongoing success and improvement of your current models like the Air and Gravity?
- Given that the Lucid Gravity involves substantial differences from the Air's platform, how do you anticipate this will impact production costs and economies of scale, and how will it affect your strategy for achieving cost efficiencies across your product lineup?
Research analysts who have asked questions during Lucid Group earnings calls.
Stephen Gengaro
Stifel Financial Corp.
4 questions for LCID
Andres Sheppard-Slinger
Cantor Fitzgerald
3 questions for LCID
Tobias Beith
Redburn Atlantic
3 questions for LCID
John Murphy
Bank of America
2 questions for LCID
Adam Jonas
Morgan Stanley
1 question for LCID
Andres Sheppard
Cantor Fitzgerald
1 question for LCID
Christopher Pierce
Needham & Company
1 question for LCID
David Sunderland
Baird
1 question for LCID
Gautam Narayan
RBC Capital Markets
1 question for LCID
Jake Scholl
BNP Paribas
1 question for LCID
James Picariello
BNP Paribas
1 question for LCID
Steven Fox
Fox Research
1 question for LCID
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Government of Saudi Arabia | EV Purchase Agreement for up to 100,000 vehicles | Middle East | Accounts Receivable: 51.7% of total in 2024 , 68.5% in 2023. <br/>Revenue: $191.1 million in 2024 , $58.993 million in 2023. |
Recent press releases and 8-K filings for LCID.
- Lucid Group, Inc. produced 3,891 vehicles and delivered 4,078 vehicles for the third quarter ended September 30, 2025.
- For the nine months ended September 30, 2025, the company produced 9,966 vehicles and delivered 10,496 vehicles.
- Lucid will host a conference call on November 5, 2025, to discuss its full third quarter 2025 financial results.
- Lucid produced 3,891 vehicles and delivered 4,078 vehicles during the quarter ended September 30, 2025.
- For the nine months ended September 30, 2025, Lucid produced 9,966 vehicles and delivered 10,496 vehicles.
- Lucid will host a conference call to discuss its third quarter 2025 financial results on Wednesday, November 5, 2025, at 2:30 pm PT / 5:30 pm ET.
- Shareholders can submit questions for the earnings call through Say Technologies from October 22, 2025, until November 4, 2025.
- Lucid Group is targeting 18,000 to 20,000 units for the current year's production, with Gravity SUV production ramping up significantly in Q3 and Q4.
- The Gravity SUV, recently launched in Europe, starts below $100,000, with a version available around $80,000.
- A new mid-size vehicle platform, priced around $50,000, is planned for launch by the end of next year, with the company confident in its profitability and cost efficiency.
- Lucid has partnered with Uber and NurO for robotaxi services using the Gravity platform, with minimal CapEx impact and future plans for recurring revenue models.
- The company is also advancing its autonomy features for personal vehicles, aiming to introduce hands-free driving next year and working towards L4 capabilities for future platforms.
- Lucid Group is internally targeting 20,000 vehicles for this year, within a stated range of 18,000 to 20,000, with production ramping up in Q3 and a significant increase expected in Q4.
- The company is launching the Gravity SUV, with initial orders expected to be delivered this year, and plans for a midsize platform to launch at the end of next year, starting around $50,000.
- Lucid is advancing its autonomy strategy through partnerships with Uber and Nuro for robotaxis, and is working to introduce enhanced L2+ features for personally owned vehicles next year, with a long-term path to L4 autonomy for end customers.
- The midsize platform's costs are currently below "should costs" due to design efficiencies and leveraging manufacturing in Saudi Arabia, contributing to a plan that aims for profitability from the car business, supplemented by software and recurring robotaxi revenue.
- Lucid Group, Inc. completed a one-for-ten (1:10) reverse stock split that became effective on August 29, 2025, at 5:00 p.m. Eastern Time.
- The company's common stock is expected to commence trading on a reverse split-adjusted basis at market open on September 2, 2025, under its existing trading symbol "LCID".
- This action will reduce the number of outstanding shares from approximately 3,072.6 million to approximately 307.3 million and the authorized shares from 15 billion to 1.5 billion.
- Stockholders will receive a cash payment for any fractional shares, as no fractional shares will be issued.
- Lucid Group, Inc. will proceed with a 1-for-10 reverse stock split and a corresponding reduction of its authorized shares, which was previously approved by stockholders on August 18, 2025.
- The reverse stock split and authorized share reduction are expected to be effective at 5:00 p.m., Eastern Time on August 29, 2025.
- Lucid's common stock is expected to begin trading on a split-adjusted basis under the same symbol (LCID) when the market opens on September 2, 2025.
- The reverse stock split will reduce the number of outstanding shares from approximately 3,072.6 million to approximately 307.3 million, and authorized shares from 15 billion to 1.5 billion.
- Lucid reported missing Q2 revenue estimates and a larger-than-expected loss per share, leading to a trim in full-year production guidance, despite achieving its sixth consecutive record quarter for deliveries and record production in Q2.
- The company's liquidity stands at $4.86 billion, which is projected to fund operations until the second half of next year.
- Lucid is addressing supply chain challenges, particularly related to trade policy and tariffs, by diversifying sourcing, including plans for the vast majority of battery cells for US production to come from the US.
- Development of autonomous vehicles with Uber and Nuro is progressing, with initial rollouts targeted for the end of next year (late 2026) in the US and globally.
- Uber has invested $300 million in Lucid and "several hundred million" in Nuro for an equity stake, forming a partnership to launch robotaxis.
- Lucid will integrate Nuro's driver hardware and sensing compute into its Gravity SUVs, with Nuro's software providing the driving capability for vehicles owned and operated by Uber.
- The collaboration aims for 20,000 Lucid Gravity SUVs to be delivered to Uber over a six-year period, with production slated to start in late 2026.
- Nuro's autonomous driving technology, which will be used in these vehicles, utilizes Nvidia's Thor SoC for compute, contributing to simplified complexity and reduced costs.
- Share Incentive Plan Amendment Approved: At the Annual Meeting on June 5, 2025, shareholders approved the Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan, increasing the available Class A common stock by 184,000,000 shares.
- Multiple Key Proposals Voted: Shareholders also cast votes on director elections, the ratification of KPMG LLP as the auditor for FY2025, and an advisory vote on executive compensation, all finalized during the meeting.
- Lucid delivered 3,109 vehicles in Q1 2025, marking a 58% YoY increase .
- The company produced 2,212 vehicles in Q1 2025, a 28% increase YoY .
- Q1 2025 revenue reached $235 million .
- Ended the quarter with approximately $5.76 billion in liquidity .
- Provided a production outlook to manufacture around 20,000 vehicles in 2025 .
- Reported a GAAP net loss per share of $(0.24) in Q1 2025 .